I saw a bit of politics live at lunchtime and Jo Coburn seemed to be ignoring the point the labour chap was making about their policy. He said that they would reverse top rate tax cut and put money into nurses and nhs. She interrupted and said “so you are not paying off the deficit then” to which he calmly responded “it will help to achieve growth. We know lots of long term sick people are out of the labour force so we need to help them back. Funding more support for them will grow the workforce and reduce the benefit needs” she again interrupted almost laughing “but you are not paying the deficit, how will you do that” and he further explained again. It was a very odd exchange when he clearly explained why money on the nhs is investing in the population rather than money for the richest.
I always wonder what people think happens when money is spent on nurses. The vast majority goes in their wages. Where do the wages go? Back into the economy. They will pay NI and income tax so it has not all gone out in the first place and then they put more money into local areas by spending it.
It is all very odd when media try to say that they are doing nothing different because labour are not simply trying to reduce the deficit with taxes. It is smart uses of taxes which can lead to growth.
I always wonder what people think happens when money is spent on nurses. The vast majority goes in their wages. Where do the wages go? Back into the economy. They will pay NI and income tax so it has not all gone out in the first place and then they put more money into local areas by spending it.
It is all very odd when media try to say that they are doing nothing different because labour are not simply trying to reduce the deficit with taxes. It is smart uses of taxes which can lead to growth.